2016 Tubatse Homes PROPERTY PORTFOLIO DISPOSAL MIGUEL RODRIGUES FREEDOM PROPERTY FUND LIMITED 24 Peter Place
Property Report Name SS TUBATSE HOMES, Erf 5973, Units 1-10 REGISTERED PROPERTY DETAILS FREEDOM Property Fund Limited Property Type SECTIONAL TITLE UNIT Diagram Deed - Unit Number 1 Registered Size 182.000SQM Scheme Name SS TUBATSE HOMES Municipality GREATER TUBATSE LOCAL MUNICIPALITY Scheme Number/Year 758/0 Province LIMPOPO Situated At BURGERSFORT EXT 40,5973,0 Registration Division - Deeds Office PRETORIA Coordinates (Lat/Long) -24.699657 / 30.340311 * OWNER DETAILS Owner 1 of 1 Person Type COMPANY Title Deed ST758-1/2016 Name ZAMBEZA INV PTY LTD Purchase Date - Registration Number 199300156607 Purchase Price (R) - Share (%) - Registration Date 2016/10/11 LOCALITY MAPS The property is situated on the border of the Burgerfort town boundary, approximately 5km from the CBD. Access to the Property is obtained via a Aloe Street which intersects with the R37 travelling to Lydenburg. GENERAL PLANS Phase 3 (POS) & Land Rights 1
Phase 1 Units 26-21 Footprints and Elevations 2
Floor Plan Layout 3
PROPERTY INFORMATION INTRODUCTION The Tubatse Greater Municipal area has received much attention lately because of the significant amount of new mining projects announced in this area by major role players such as Anglo Platinum, Samancor and Xtrata. All these activities have sparked a serious interest in expanding the residential and communal capacity of Burgersfort, earmarked to become the Democratic Platinum City of Limpopo Province that is in urgent need of structured residential and commercial development. Tubatse Estate is a well planned integrated development intended to provide in a comprehensive communal development needs of Burgersfort, including a variety of residential options, as well as future communal facilities & commercial sites. Geotechnical conditions A Geotechnical study was conducted which contains founding recommendations. SERVICES Bulk - All bulk services have been provided in respect of Phases 1. Internal - All internal services have been installed for the 43 stands contained in Phase 1 in accordance with the engineering designs and requirements. A perimeter wall has been constructed around Phase 1 with electric fencing and 24/7 security is on site. BUILDINGS Tubatse Homes form part of Tubatse Estate, an integrated macro development that is a logical extension of the current town of Burgersfort which will eventually cater for ±3100 stands on a total of ±200 Ha of the Farm Witgatboom. This Eco Estate embedded in the picturesque valley of the Bushveld is structured to optimise the potential of the land while still protecting ecosensitive and heritage areas and taking responsibility for social and communal infrastructure. A unique aspect of the designs involves the single residential house types with double lockup garages. Only 43 erven have been made available in phase 1. These erven have a ruling size of between 438 m2 to 700m2 with an average stand of 500m2. The 10 completed houses provide a coverage of around 40% in configurations of 175m2 and 185m2 to provide for the surrounding gardens. A high standard of finishes has been provided in the kitchens, with a separate scullery and bathrooms to allow for a modern feel. Walls are constructed out of brick with tiled floors throughout and a Cliplok type grey chromadek IBR roof. There is a small outside patio with built-in braai. PRICE BRACKET It is anticipated that the finished product be entered into the market in the following brackets: Qty Description Price Range 4 175sqm 3 Bed, 2 Bath, Dbl Garage House R 1 299 000.00 6 185sqm 3 Bed, 2 Bath, Dbl Garage House R 1 399 000.00 33 Serviced Stands (525-700sqm) R700/sqm The proposed development will therefore cater for households in the income bracket of R 30-35 000 per month and up. DEMAND Burgersfort has been identified as a provincial growth point in the Limpopo Spatial Rationale and the Spatial Development Framework which is part of the Integrated Development Plan for the Greater Tubatse Municipality. Burgersfort has in recent years become the hub of the mining expansion of Platinum Group Minerals (PGM s) and related mining activities on the eastern limb of the Bushveld Indigenous Complex. Burgersfort is identified as a Provincial Growth Point (PGP). This is the highest order in the hierarchy and therefore the most important type of growth point with various higher order social facilities such as hospitals and/or health centres. In comparison, Steelpoort is identified as a District Growth Point (DGP). It is further foreseen that the development will be extremely popular due to the following inherent characteristics: Security. Product differentiation and market range. Locality (in relation to CBD, schools and job opportunities). Lack of alternative options. It is anticipated that the targeted clients will primarily consist of mine employees and government officials or.service providers to the local mining industry. AMENITIES Name Type Distance (Km) Ikhwezi Lokusa Primary School Education 0.4 Witgat Rail Transport and Public Services 1 Wem Combined School Education 1.45 Tubatse Crossing Mall Shopping 5.8 Tubatse Chrome Plant Mining 20 Tubatse Chrome Club Residential/Golf/Restaurant 28 Xtrata/Lions Smelter Mining 31 4
SALES Sales shows the details of the most recent transfers, sales pending registration and properties for sale in close proximity to the specified property. Sales Analysis 16 properties used in the analysis. Note: Where there is no monetary value or extent it has been ignored. Price (R) R/m 2 Extent (m 2 ) Highest Priced Property 1,341,469 8,884 151 Average Priced Property 879,029 5,710 154 Lowest Priced Property 750,000 4,839 155 IMAGES 5
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